Incoming Best Buy CEO Brian Dunn says he expects more electronics retailers to go the way of Circuit City. "The notion of just hanging on is very difficult," he said. "Strong brands come through this. Brands that aren't strong, with good financial and cultural strength and a meaningful position with consumers, will have a difficult time coming through this."
Attiq Investments has acquired Sweetwater Village Shopping Center in Spring Valley, Calif., from Gladstone LLC and West Palm Blackpoint Associates LP for $6.2 million. Attiq, a food distributor, will occupy the majority of the 43,400-square-foot shopping center.
The biggest and most comprehensive overhaul of U.S. financial regulation since Franklin Roosevelt occupied the White House will get under way in a few months. The decisions made by President Barack Obama and Congress while rewriting the financial rules will largely determine which companies, financial institutions and sectors will come out winners and which will be losers.